Trinity Partners, a Charlotte, North Carolina-based commercial real estate firm, entered the Atlanta market with its purchase of Atlanta Property Group's leasing and property management business. Terms of the deal were not disclosed. With the acquisition of APG Real Estate Services, Trinity adds 46 industry professionals and a 19-building, 5 million-square-foot portfolio of property management and leasing assignments. The APG team that joined Trinity is led by partners Austin Chase, Robert Pavese, Joe Crawford, Sarah Beckom Stevens and Kathy Long.

“Atlanta has always been a logical market for Trinity Partners’ expansion, and now, the time is finally right,” said Adam Colvin, managing partner at Trinity, in a statement. Trinity was founded in 1998 in Charlotte and expanded to Raleigh, North Carolina, in 2008 and Greenville, South Carolina, in 2013. With its entry into Atlanta, the company said it is looking to expand quickly in the Southeast's largest metropolitan area. In addition to growing Trinity’s third-party management business, the Atlanta office will focus on expanding its firm’s service lines in the market. "One of our primary goals will be to grow our brokerage team," Chase said in a statement.

Avison Young has tapped Rory Murphy, who spent nearly the past decade at Transwestern, to be an Avison Young principal and serve as its market leader in New York City. In his new role, Murphy will focus on talent recruitment, client services and business development as the brokerage continues its expansion efforts in the country's largest commercial property market, Avison Young said. Murphy has nearly two decades of experience in tenant advisory, workplace strategy and brokerage leadership. He most recently was a partner in Transwestern's New York office. Avison Young principal and President Harry Klaff said in a statement that Murphy "will be instrumental in driving growth in the New York City market.” As for Murphy, he said in a statement that he looks forward to working with his like-minded new colleagues "who see an incredible opportunity over the next 3-5 years in our industry."

Longtime valuations veteran Tom Kim has left JLL after just over two years to return to CBRE, where he worked from 2006 to 2022. In his new role as CBRE's U.S. industrial real estate leader for its valuation and advisory services, or VAS, group, Kim will work closely with its leadership and regional teams to drive national growth in the warehouse and logistics sector, the brokerage said. He will also play a significant role in developing CBRE's industrial business in the Chicago market, where he will collaborate with market veteran Scott Patrick, the firm said. In his role at JLL, Kim, who has more than 18 years of industry experience, led a national Industrial team at JLL. His experience "will be invaluable in advancing our Industrial valuation capabilities across the country," Les Linder, VAS' head of sectors and specialty practices at CBRE, said in a statement.

Cushman & Wakefield has named Joseph Caridi, who currently serves as managing principal of the brokerage's Long Island and Connecticut-Westchester markets, as its new managing principal for South Florida, effective in late June. Caridi will relocate to Cushman & Wakefield's Miami office from Long Island and partner with Wanda Riley, managing principal for the state of Florida. In his new role, Caridi will oversee the firm’s Miami, Fort Lauderdale, Boca Raton and West Palm Beach markets and more than 450 professionals across South Florida. Caridi "will play an instrumental role in helping drive the firm’s long-term success" in the South Florida region, Cushman & Wakefield said.

Caridi, who has more than 25 years of real estate experience, has been at Cushman & Wakefield since 2014 and held several leadership positions across its Northeast region. “Known as New York’s sixth borough, South Florida has seen significant migration from the Northeast and Joe is a perfect example of that trend in action,” Southeast region President Roberta Liss said in a statement.

PGIM Real Estate has promoted John Jacobs to lead the firm’s $6.4 billion income debt strategy in the United States. Jacobs is set to assume his responsibilities as senior portfolio manager effective Oct. 1, PGIM said. Jacobs will succeed Steve Bailey, the current senior portfolio manager, who has decided to retire, the firm said. In his new role, Jacobs will oversee all aspects of the portfolio, including investment selection, asset management and capital markets execution, PGIM said.

Jacobs' promotion to senior portfolio manager "is the culmination of a 21-year career for Jacobs at PGIM Real Estate," the firm said. He spent the past two years as a portfolio manager for the U.S. enhanced-income debt strategy. As for the retiring Bailey, who joined PGIM Real Estate in 2015 and helped launch the U.S. income debt business, he will remain a portfolio manager through year-end and then transition to an advisory role in January, PGIM said.